Post
Topic
Board Altcoin Discussion
Re: Proof of Membership for Blockchains
by
ttookk
on 18/04/2017, 10:09:56 UTC
(…)

- No economic incentive to own multiple accounts

(…)

Interesting concept. Can you elaborate on the quoted part? How exactly can a single user have neither the ability nor the incentive to pose as multiple users (i.e. having multiple accounts)?

… nevermind, found it:

Quote
(…) The question arises if we can design a reward scheme for minting that is incentive-compatible with our one-entity-one-account approach. To solve the dilemma, we can combine both schemes and credit interests to every minter with every block, but lock the accrued interests until the minter actually builds a block himself. This model guarantees incentive-compatibility with regard to compound interests since the latter don’t depend on the distribution of one’s stake anymore. Depending on individual liquidity needs and costs, a minter may still decide to use several accounts for minting in order to get faster access to his interests. But the benefits of using multiple accounts would be rather limited. (…)

So, it still has advantages to have multiple accounts, they are just not as prominent as in other schemes.